Category: Milan

  • Enel X has entered Singapore’s demand response market

    Enel X has entered Singapore’s demand response market

    Enel X has entered Singapore’s demand response market. Enel X’s virtual power plant will support the National Electricity Market of Singapore (NEMS), with the aim to improve overall system security and efficiency.

    Enel X in Singapore will work with global and local commercial as well as industrial businesses in order to provide demand response services to the grid.

    Virtual power plant participation in Singapore is increasingly important as demand for energy grows, particularly with the emergence and development of electricity-intensive sectors, such as data centers.

    In addition to industrial gas producers and data centers, industries well suited to participate include technology companies, cold storage units, food processing and manufacturing facilities, water utilities as well as commercial buildings.

  • SPAR Italy named Retailer of the Year 2020-2021 in the ”supermarket” category

    SPAR Italy named Retailer of the Year 2020-2021 in the ”supermarket” category

    SPAR Italy, locally known as DESPAR, has been recognised as retail brand of the year for the year 2020-2021 in the ”supermarket” category.

    The criteria voted upon included price, assortment, service, communications, shopping convenience, and look-and-feel.

    Other factors that contributed to SPAR Italy’s success were the quality and variety of its own brand products and the brand’s initiatives to add value to its local communities.

    Retailer’s health and well-being product offering, as well as its commitment to environmental sustainability, were also deciding factors.

    In Italy, the award was launched in 2008 as ”Retailer of the Year” and is currently known as ”Insegna dell’anno”.

    For this year’s Italy edition, the organisers evaluated 543 retail brands across the various categories, which embrace both food and non-food retail.

    Over 205,000 votes were expressed earlier this year by Italian consumers.

  • More than 70,000 businesses have closed due to the pandemic in Italy

    More than 70,000 businesses have closed due to the pandemic in Italy

    Almost 73,000 businesses in Italy were closed due to coronavirus pandemic, revealed a study by National Statistics Agency, DPA reports.

    This figure represents about 7% of the total of 1 million businesses included in the study conducted in late October and early November.

    About 55,000 businesses would resume operations in the future, while 17,500, of which 5,000 in the restaurant business, were permanently shut down.

    Another 700,000 continued to operate normally and 244,000 partially.

    The Istat study also found that 85% of closed businesses were small businesses with less than nine employees, usually sports centers, small hotels, shops and bookmakers.

  • Trenitalia becomes sole shareholder of Netinera Deutschland

    Trenitalia becomes sole shareholder of Netinera Deutschland

    Trenitalia takes sole control of Netinera Deutschland GmbH, a German company operating in public transport and rail freight.

    The transaction was finalised through the acquisition of 49% of the share capital from Cube Transport Sarl, an investment fund under Luxembourg law and specialized in infrastructure and public services, for a value of EUR 117,835,200.00.

    On November 25, 2020, the European Commission provided clearance for the acquisition pursuant to Regulation (EC) no. 139/2004 of the Council of the European Union.

  • Italian GDP expected to increase by 4% in 2021

    Italian GDP expected to increase by 4% in 2021

    In 2020 Italian GDP is expected to decrease by 8.9% and then increase in 2021 (+4.0%), latest Istat data shows.

    This year, the domestic demand net of inventories will provide a negative contribution (-7.5 p.p.) together with foreign demand (-1.2 p.p) and inventories (-0.2 p.p).

    In 2021 the domestic demand will provide a positive contribution (+3.8 p.p) together with net exports (+0.3 p.p.) while inventories will contribute negatively to GDP growth (-0.1 p.p.).

    Labour market conditions will follow GDP evolution over the forecast period with a sharp fall in 2020 (-10.0%) and a recovery in 2021 (+3.6%).

    At the same time, the rate of unemployment will decrease at 9.4% in the current year and will increase at 11.0% in 2021.

  • Ryanair to invest $200m in a new base at Venice Treviso

    Ryanair to invest $200m in a new base at Venice Treviso

    Ryanair new base at Venice Treviso will open on the 30th March 2021, with 2 based aircraft, an investment of $200m, and 45 routes connecting the airport both domestically & internationally to over 20 countries across Europe.

    Ryanair will deliver increased connectivity with the Veneto region across its 3 airports of Venice Marco Polo, Verona and Venice Treviso, with 60 routes in total, that will deliver over 3m customers p.a. and support over 2,000 jobs.

    S21 in Venice Treviso:

    • 2 based aircraft ($200m investment) from 30th March 2021,
    • 45 routes S21 (6 domestic / 39 international),
    • 18 new (3 domestic, 15 international), including leisure and business routes such as Alghero, Alicante, Frankfurt-Hahn, Paphos, Pescara, Riga, Tel Aviv, Thessaloniki, Trapani.

    S21 in Venice Marco Polo:

    • Tot. 6 routes S21 (4 domestic / 2 international),
    • Increased frequencies on 3 routes, including Barcelona (up to 10pw), London Stansted (up to 19pw) and Palermo (up to 12pw).

    S21 in Verona:

    • Tot. 9 routes S21 (5 domestic / 4 international),
    • Increased frequencies on 2 routes, including Birmingham (up to 2pw) and Cagliari (up to 4pw).
  • Eni will pay 405 million pounds for a 20% stake in the UK Dogger Bank  project

    Eni will pay 405 million pounds for a 20% stake in the UK Dogger Bank project

    Eni enters the world’s largest offshore wind project with the acquisition of a 20% stake in the UK Dogger Bank (A and B) 2.4 GW project.

    The project involves the installation of 190 state-of-the-art turbines situated approximately 80 miles from the British coast.

    Each turbine has a capacity of 13 MW for a total capacity of 2.4 GW.

    At full capacity, Dogger Bank (3.6 GW) will be the world’s largest project of its kind, generating around 5% of UK demand for renewable electricity and supplying energy to approximately 6 million British families.

    The construction of the Dogger Bank (A and B) is expected to cost a total of £6 billion and will take place in two stages, with the first to be completed by 2023, and the second by 2024.

  • MOSS, Italian printing and decoration machine manufacturer, to invest in India

    MOSS, Italian printing and decoration machine manufacturer, to invest in India

    In India, MOSS will start its first unit abroad, basing the development projection on a technology transfer agreement with an Indian partner that will allow to produce machines directly in India.

    MOSS has already been commercially present in India for several years, Milano Finanza reports. 

    Even more, a project of expansion toward the USA is going to be launched. The project will see the leading company with a new subsidiary recently established on the US market.

    MOSS machines can decorate bottles of wine and liqueur, caps for water and soft drinks, buckets, egg holders, bottles, flexible and rigid tubes, syringes, roll-on sticks, jars and much more with silk-screen printing, dry offset and heat transfer capsule in plastic and aluminum.

  • The magnificent Palazzo Serristori in Florence to be completely restored

    The magnificent Palazzo Serristori in Florence to be completely restored

    The magnificent Palazzo Serristori in Florence, one of the most important Renaissance buildings in the city, with its 5,500 square metres of interiors and approximately 3,000 square metres of garden, will be completely restored after long years of non-use.

    Acquired by the LDC Group of Taiwan, already involved in the redevelopment of Palazzo Portinari Salviati in the city, it will be restored to create prestigious extra luxury apartments, with prices ranging from 2 to7 million euros.

    Each of the apartments, embellished with period frescoes, will have common areas such as the garden with swimming pool and the SPA.

    The construction of the palace dates back to the beginning of the 16th century when Lorenzo Serristori wanted to build a magnificent residence on the banks of the Arno River surrounding a hunting lodge.

    Among the eminent figures that have stayed at Palazzo Serristori are Giuseppe Bonaparte, Napoleon’s brother and King of Spain and Naples and Pope Leo X of the Medici, whose sixteenth century coat of arms is preserved in sandstone in the main atrium.

    Others include internationally renowned nineteenth century intellectuals and artists, such as Giacomo Puccini, Gioacchino Rossini, Lord Byron, Percy Bysshe Shelley, the composers Richard Strauss and Richard Wagner, and the Queen of Italy, Elena of Savoy.

    Original features of the palace have survived the centuries

    This include the magnificent frescoed ballroom, measuring 250 square metres in area and 12.5 metres in height, the largest and most prestigious in Florence, to a foyer covering approximately 150 square metres, which will be used as a common area for all the apartments and whose construction dates back to the 1600s.

    There are two splendid Murano chandeliers, dating from the 1700s, still on display in the ballroom, both intact and in working order.

    The original wooden floors and authentic works of art also remain, as does the ”Hall of Mirrors” and the palace’s fireplaces, made of precious marble and feature the Serristori coat of arms.

    Not forgotten, the glazed terracotta stove, manufactured by Ginori, of which there is only one other example in the world.

  • Prysmian files legal proceedings for patents’ infringements against Emtelle UK

    Prysmian files legal proceedings for patents’ infringements against Emtelle UK

    Prysmian announced to have commenced proceedings for patent infringement in the UK High Court against Emtelle UK Limited.

    Prysmian claims that Emtelle’s FibreFlow products infringe the UK designations of Prysmian’s European Patents EP (UK) 1,420,279 B1 and EP (UK) 1,668,392B1 for fibre optic cables.

    The European Patent EP ‘392 relates to telecommunication optical cables, and in particular to a telecommunication optical cable with a highly reduced diameter.

    The European Patent EP ‘279 relates to optical fibre telecommunications cables, particularly an optimized stranded optical cable design.

  • De’ Longhi acquires a global leader in the personal blenders segment

    De’ Longhi acquires a global leader in the personal blenders segment

    Founded in 2003 and headquartered in Los Angeles, California, Capital Brands develops and sells domestic appliances with a focus on wellness nutrition to households in over 100 markets worldwide under the Nutribullet and Magic Bullet brands.

    The company created the personal blenders segment, within the broader blenders category – which is estimated to be worth ca. $ 1.1 billion in the USA – and has become the category leader in North America and in other key markets around the world such as Australia, New Zealand and the UK.

    Capital Brands forecasts net revenues of approximately $ 290 million for year 2020, ahead of last year sales.

    With this transaction, the United States become the largest market for the De’ Longhi Group, with aggregate turnover in excess of $ 500 million.

    The price payable by De’ Longhi for Capital Brands is approximately $ 420 million, for an implied forecast adjusted Ebitda multiple for year 2020 just above 8 times.

  • Prysmian Group to invest 450 million euro in race to net zero CO2 emission

    Prysmian Group to invest 450 million euro in race to net zero CO2 emission

    Prysmian Group announces the launch of a new project aimed at accelerating the race to net-zero CO2 emission.

    By 2022, Prysmian has planned to invest around 450 million euro to further improve the sustainability of its organization and supply chain and to accelerate the development of advanced cable technologies as well as assets and services.

    Energy consumption reduction, circularity and waste recyclability, health & safety culture are key in Prysmian’s efforts to improve sustainability of its supply chain.  

    Prysmian Group invests over €100 million annually in Research & Development

    Prysmian’s most recent technological innovations include the P-Laser cable systems ensuring greater transmission capacity, high performance and environmental sustainability (100% recyclable material and up to 40% reduction in CO2 emissions), cables for installation in HVDC links in long lengths, synthetic armored cables for record-depth installation, grid monitoring and management technology.